MENA Food Truck Market (Type - Bus, Van, and Customised Trucks; Food Type - Barbeque and Snacks, Fast Food, Desserts and Confectionaries, and Others; Truck Size - Small, Medium, and Large): Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report ongoing study by Infinium Global Research on the food truck market provides an in-depth analysis of segments and sub-segments in the MENA as well as regional food truck market. The study also highlights the impact of drivers, restraints, and macro indicators on the MENA and regional food truck market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the MENA food truck market. The MENA food truck market was valued at USD 170.39 million in 2022 and is expected to reach USD 252.14 million in 2030, with a CAGR of 5% during the forecast period 2023-2030.

Market Insight

A food truck is a large motorized vehicle such as a van or trailer, equipped to cook, prepare, serve, and sell food. Some food trucks, such as ice cream trucks, sell frozen or premade food, while others have on-board kitchens and create food from scratch, or they reheat meals prepared in a brick-and-mortar commercial kitchen. Sandwiches, hamburgers, french fries, and other regional fast foods are popular. Food trucks also sell various cold beverages such as soda pop, coolers, and water. Additionally, Food trucks, have been a growing culinary trend in many countries in recent years and the MENA region is also experiencing the rise. Food trucks are now familiar sights on streets, at beaches, at malls, in parks, and other open spaces. Food trucks can be parked anywhere across the country. Food truck foods are safer and healthier than street foods. With growing health consciousness, more people are opting for food trucks and small restaurants for their food needs since food trucks are cheaper than buying food products from established restaurants.

The rapid expansion of mobile dining is driving the growth of the food truck market in the MENA region. The growing number of fast-food businesses, such as Grub Hub, caviar, and others, increases customer accessibility, causing in rapid development in the food truck market. In addition, the requirement of less investment to establish the food truck business compared to other businesses driving the growth of the market. In countries such as Saudi Arabia, primarily two licenses are required- a city municipality license and a regular kitchen license to ensure that the business meets health and safety regulations, which drives the growth of the market. The food truck business is particularly influenced by reasons such as changing lifestyles, hectic schedules, and a preference for diverse flavors and menus. Furthermore, the growing popularity of street food and beverages is driving demand for the food truck industry. Furthermore, high-calorie intake is one of the reasons that limit and impede the expansion of the food truck sector. However, stringent government rules and regulations towards the utilization of food trucks that applied to traffic laws, complaints made by tax-paid restaurants, gaining parking space and many more regulations for business are restraining the food truck market. Furthermore, the increasing number of working women and rising urbanization. Incorporating specialty drinks and several other unconventional items within the menu will create new opportunities for the food truck market in the MENA region.

In the MENA region, the food truck market is projected to grow at a significant market share in Saudi Arabia. The growing demand for healthier food and the rapidly increasing demand for catering services in commercial spaces of Saudi Arabia is driving the growth of the market over the projected period. Additionally, various corporations are focusing on offering attractive food perks to attract customers which is boosting the growth of the food truck market. Food service providers are including healthy eating options such as organic foods, a balanced vegan diet, healthy snacks, and many more to cater to the growing health-conscious population in the country. A surge in disposable income, population increase, a shift towards urban living, and changing consumer taste preferences fuel the growth of food consumption in the region. This trend will further bolster the food truck market in the MENA region during the forecasted period.

Report Scope of the Food Truck Market:

Segment Covered

The report on MENA food truck market covers segments such as type, food type, and truck size. On the basis of type, the sub-markets include bus, van, and customised trucks. On the basis of food type, the sub-markets include barbeque and snacks, fast food, desserts and confectionaries, and others. On the basis of truck size, the sub-markets include small, medium, and large.

Companies Profiled:

The report provides profiles of the companies in the market such as Elite Food Catering Company, TheFoodTruck.Co, Prestige Food Trucks, Roaming Hunger, Company 5, Company 6, Company 7, Company 8, Company 9, and Company 10.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the food truck market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.